You shouldn’t limit your search for capital to only investors who have founded companies with successful exits. Here is a list of four absolutely fantastic investors. Fred Wilson, Josh Koppelman, Chris Sacca, and Brad Feld. As far as I know, only two of these four founded companies with successful exits. I’ll leave it as an exercise to the reader to figure out which ones did and which ones didn’t.
The bottom line is that it doesn’t matter. All four are incredibly smart, possess an amazing perspective, work their butts off for their startups every day. Focus on that and don’t make their personal startup experience your high order sort.
This post recently appeared on The Accelerators at the Wall Street Journal, where startup mentors discuss strategies and challenges of creating a new business.